PEACHTREE BOND FUND (the "Fund")
(A Portfolio of Peachtree Funds)
Supplement to the Prospectus Dated February 28, 1994 for
Missouri Investors
Investors in the state of Missouri should be aware of the
following which is also disclosed on page 8 of the prospectus:
"Portfolio Turnover. Although the Fund does not
intend to invest for the purpose of seeking short-term
profits, securities in its portfolio will be sold
whenever the Adviser believes it is appropriate to do
so in light of the Fund's investment objective,
without regard to the length of time a particular
security may have been held. The Adviser does not
anticipate that the Fund's annual portfolio turnover
rate will exceed 200% under normal market conditions.
A high portfolio turnover rate may lead to increased
costs and may also result in higher taxes paid by the
Fund's shareholders. "
September 28, 1994
FEDERATED SECURITIES CORP.
Distributor
A subsidiary of Federated
Investors
Federated Investors Tower
Pittsburgh, PA 15222-3779
70467H200
006326(9/94)
